Living in Lakewood: What you need to know before you buy
Living in Lakewood: What You Need to Know Before You Buy
Lakewood isn’t just a neighborhood — it’s a lifestyle. Nestled along the eastern shore of White Rock Lake , Lakewood offers a rare combination of natural beauty, architectural character, and proximity to downtown Dallas. For buyers considering a move to this iconic Dallas enclave, understanding the nuances of the area is essential before making an investment.
At Slater Real Estate Group, Courtney and Edward Slater have helped countless clients navigate the competitive Lakewood market in Dallas, TX. Here’s what you need to know before you buy.
1. Location & Lifestyle
Lakewood sits just minutes from Downtown Dallas , yet feels worlds away. With White Rock Lake as its backyard, residents enjoy miles of trails, kayaking, rowing, biking, and some of the best sunrise views in the city. It’s common to see neighbors walking dogs, jogging at dawn, or gathering for weekend picnics along the lake.
The neighborhood also boasts strong community pride. From seasonal events to local parades and neighborhood gatherings, Lakewood has a tight-knit feel that many buyers crave.
2. Architectural Character & Historic Charm
One of Lakewood’s defining features is its architecture. Unlike many newer developments in Dallas, Lakewood offers rich character and diversity in home styles. You’ll find:
- Tudors with steeply pitched roofs and leaded glass windows
- Spanish-style homes with clay tile roofing
- Craftsman bungalows full of historic detail
- Colonial revivals with timeless symmetry
- Modern new builds carefully blended into mature streetscapes
Many homes date back to the 1920s and 1930s, which adds charm — but also requires due diligence. Buyers should evaluate foundation, plumbing, electrical updates, and historical preservation considerations.
3. Price Points & Market Competitiveness
Lakewood is one of the most desirable neighborhoods in Dallas, TX — and pricing reflects that demand. Entry points typically begin well above the Dallas median home price, with renovated and larger properties commanding premium values.
Inventory can be limited, and well-priced homes often receive multiple offers. Working with experienced local advisors like Courtney and Edward Slater is crucial to navigating negotiations, off-market opportunities, and strategic offer positioning.
4. Schools & Community Appeal
Lakewood remains highly attractive to families due to its proximity to respected public and private school options. The neighborhood’s walkability, community parks, and access to the lake create an environment that feels both active and connected.
Even buyers without school-aged children value the stability that strong school zones bring to long-term property values.
5. Dining, Shopping & Local Favorites
Lakewood offers a charming mix of local boutiques, neighborhood restaurants, and historic establishments. Lakewood Shopping Center serves as a community hub, while nearby Lower Greenville and Knox-Henderson provide expanded dining and nightlife options.
Residents love the balance — quiet residential streets just blocks away from vibrant social scenes.
6. Lot Sizes & Outdoor Living
Many Lakewood homes sit on generously sized lots compared to other central Dallas neighborhoods. Mature trees, landscaped yards, and front porches create a welcoming aesthetic.
Buyers seeking pools, guest houses, or expansions should review zoning and lot coverage regulations carefully before purchasing.
7. Renovation vs. New Construction
A common question buyers face: renovate a historic home or purchase a newer build? Both options exist in Lakewood. Renovated homes preserve architectural integrity while offering modern systems. New builds often provide open floor plans and energy efficiency.
Understanding long-term value, construction quality, and resale positioning is key — an area where Slater Real Estate Group provides strategic insight.
8. Property Taxes & Investment Outlook
As part of Dallas County, Lakewood homeowners should factor in Texas property tax rates when budgeting. However, Lakewood has historically demonstrated strong value retention due to location, limited inventory, and continued buyer demand.
For many clients, Lakewood represents not just a home purchase — but a long-term investment in one of Dallas’ most iconic neighborhoods.
Why Work with Slater Real Estate Group?
Buying in Lakewood requires local knowledge, strategic timing, and skilled negotiation. Courtney and Edward Slater of Slater Real Estate Group specialize in helping buyers understand the nuances of Dallas, TX neighborhoods — from architectural details to market positioning.
Their approach is data-driven yet relationship-focused, ensuring clients feel confident and informed at every stage of the transaction.
“Lakewood isn’t just a place to live — it’s a lifestyle rooted in community, character, and long-term value.”
Final Thoughts
Lakewood offers a rare blend of historic charm, natural beauty, and urban convenience. It’s one of those neighborhoods where lifestyle and investment potential align.
If you’re considering buying in Lakewood, partnering with a trusted local expert can make all the difference. Slater Real Estate Group is committed to helping clients find not just the right house — but the right home in Dallas, TX.
